{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{tabular}{l*{3}{c}}
\toprule
                    &\multicolumn{3}{c}{Dependent variable: $X_{ni}/X_n$}           \\\cmidrule(lr){2-4}
                    &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         \\
\midrule
$\delta^c \times \tilde{z}_{ni}^{(1)}$&      -0.043\sym{***}&                     &                     \\
                    &     (0.010)         &                     &                     \\
\addlinespace
$\delta^c \times \tilde{z}_{ni}^{(2)}$&                     &      -0.029\sym{**} &                     \\
                    &                     &    (0.0096)         &                     \\
\addlinespace
$\delta^c \times  \text{(Cases / Links in Japan)}_{ni}$&                     &                     &     -0.0079\sym{*}  \\
                    &                     &                     &    (0.0038)         \\
\midrule
Upstream $\times$ Downstream FEs&         Yes         &         Yes         &         Yes         \\
Upstream $\times$ Country FEs&         Yes         &         Yes         &         Yes         \\
Downstream $\times$ Country FEs&         Yes         &         Yes         &         Yes         \\
\midrule$R^2$       &       0.537         &       0.537         &       0.542         \\
Observations        &      133525         &      133525         &      118701         \\
\bottomrule
\end{tabular}
}
